Surgical Robots Market, By Product Type (Instrument & Accessories, and Robotic Systems), By Surgery (Gynecology, General, Urology, Cardiovascular, Neurosurgery, Orthopedic and Others), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030.

Report Code: PMI1118 | Publish Date: April 2023 | No. of Pages: 168

Global Surgical Robots Market By Overview

Robotic surgery utilizes robotics for performing surgical procedures, which is also a type of minimally invasive surgery. Surgical Robotic systems are operated by surgeons that consist of miniaturized surgical instruments which are mounted on robotic arms, thus allowing surgeons to perform the surgeries precisely. Surgical robots consist of various surgical instruments which include camera arm and mechanical arms that are controlled by surgeons on computer. Furthermore, surgical robots offers high definition and magnified 3-D view of the surgical site, which enables surgeons to perform delicate and complex procedures that are difficult or impossible through other methods.

Surgical robots are the most emerging technology which is generally used for operating surgical procedures. Robotic technology is improving surgery through improved stability, precision, and dexterity. In image-guided procedures robots are used for magnetic resonance and computed tomography image data for instruments guidance to the treatment site. Surgical robot’s system is the most preferable surgical procedure as it provides minimum invasive surgery treatment. Surgical robots consist of miniaturized surgical instruments which are mounted on robotic arms thus allowing surgeons to perform the surgeries precisely. A telemanipulator may be a remote manipulator that permits the surgeon to perform the traditional movements related to the surgery. The robotic arms perform those movements using end-effectors and manipulators to perform the particular surgery. In computer-controlled systems, the surgeon uses a computer to regulate the robotic arms and its end-effectors, though these systems also can still use telemanipulators for his or her input. One advantage of using the computerized method is that the surgeon doesn't need to be present, resulting in the likelihood for remote surgery. The Global Surgical Robot Market accounted for US$ 5.4 billion in 2020 and is estimated to be US$ 22.6 billion by 2030 and is anticipated to register a CAGR of 15.4%.

Global Surgical Robots Market By Dynamics

North America dominates the global surgical robotsmarket and is expected to maintain its dominancy over the forecast period owing towell-established healthcare infrastructure coupled withincreasing adoption of surgical robotic systems across various healthcare settingsin the region.

The market in Europe is expected to show significant growth rates in global surgical robots market. This can be attributed tohigh presence of robotic surgical system manufacturers in the region.

Moreover, increase in the surgical procedures is expected to support the growth of the global surgical robots market over the forecast period. Also, increasing regulatory approvals supports is another factor projected to propel growth of the global surgical robots market in the near future.

However, high cost associated with surgical robotic surgeries and robotic systems is a major factor expected to hamper growth of the global surgical robots market over the forecast period. Also, lack of trained healthcare professionals in market is another major factor limiting growth for the target market.

Increasing technological advancements

Increasing technological advancements along with rising adoption of surgical robots is major factor driving growth of the global surgical robots market. In addition, surgical robots are provide minimally invasive treatment, which acts as the major driver for the growth of global surgical robots market.

Rising awareness regarding novel surgical robots

Furthermore, rising awareness regarding novel surgical robots and its benefits among end-users across the globe also supports growth of the global surgical robots market. Furthermore, a surgical robot has ability to enhance accuracy and precision in surgical procedure in order to perform entire functions appropriately. Moreover, increasing prevalence of cardiac diseases across the globe is expected to create demand for surgical robots across the globe in near future. For instance, in 2019, according to World Health Organization (WHO) 17.9 Mn people die each year from cardio vascular diseases (CVDs), an estimated 31% of all deaths globally.

Rising government regulatory approvals supports

Rising government regulatory approvals supports for novel surgical robots is expected to fuel growth of the global surgical robots market over the forecast period. However, high risk associated with surgical robots such as risk of infection, bleeding, and cardiopulmonary risk of anesthesia is expected to hamper growth of the global surgical robots market over the forecast period. Investments by major players in developing novel surgical robots by using innovative technologies is expected to create tremendous opportunities for global surgical robots market in near future.

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Global Surgical Robots Market By Segmentation

The global surgical robots market has been segmented on the basis of product type, surgery, and region.

The product type segment includes instrument and accessories, and robotic systems. Segment robotic system is further sub segmented into da vinci surgical, ROSA, MAKO RIO, ROBODOC, and others.

On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account major market share as compared to that of other regions.

The global surgical robots market on the basis of product type, surgery, and region.

On the basis of product type, the target market is classified into instrument and accessories, and robotic systems. The robotic system segment is further sub-segmented into da vinci surgical, ROSA, MAKO RIO, ROBODOC, and others. Based on surgery, the target market is bifurcated into gynecology, general, urology, cardiovascular, neurosurgery, orthopedic, and others.

Regional Insights:

                                          

For detailed understanding of market dynamics, the global surgical robots market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. North America market dominates the global surgical robots market in terms of revenue and is expected to maintain its dominance over the forecast period. This is owing to well established healthcare infrastructure coupled with increasing adoption of surgical robotic systems across various end users in the countries of this region. The market in Europe is expected to show fastest growth in the global surgical robots market over the forecast period. This can be attributed to high presence of robotic surgical system manufacturers in the region.

                            

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Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Product Type: Instrument & Accessory and Robot System (DaVinci, Mako, NAVIO, Rosa, and Others)

By Surgery: Gynecology Surgery, General Surgery, Urology Surgery, Neurosurgery, Orthopaedic Surgery, and Others (Pediatric Surgery and Gastrointestinal Surgery)

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

 

 

Detailed Segmentation:

Global Surgical Robots Market, By Product Type:

    • Instrument and accessories
    • Robotic systems
      • Da vinci surgical
      • ROSA
      • MAKO RIO
      • ROBODOC
      • Others

Global Surgical Robots Market, By Surgery:

    • Gynecology
    • General
    • Urology
    • Cardiovascular
    • Neurosurgery
    • Orthopedic
    • Others

Global Surgical Robots Market, By Region:

    • North America
      • North America Surgical Robots Market, By Product Type
      • North America Surgical Robots Market, By Surgery
      • North America Surgical Robots Market, By Country
        • U.S.
        • Canada
    • Europe
      • Europe Surgical Robots Market, By Product Type
      • Europe Surgical Robots Market, By Surgery
      • Europe Surgical Robots Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Asia Pacific Surgical Robots Market, By Product Type
      • Asia Pacific Surgical Robots Market, By Surgery
      • Asia Pacific Surgical Robots Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Latin America Surgical Robots Market, By Product Type
      • Latin America Surgical Robots Market, By Surgery
      • Latin America Surgical Robots Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Middle East & Africa Surgical Robots Market, By Product Type
      • Middle East & Africa Surgical Robots Market, By Surgery
      • Middle East & Africa Surgical Robots Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

Global Surgical Robots Market By Key Players

Key players operating in the global surgical robots market includes Intuitive Surgical, Think Surgical, TranEnterix, Zimmer Biomet, Stryker Corporation, Smith & Nephew, and Medrobotics Corporation.

Some of the prominent players operating in the global surgical robot’s market include Intuitive Surgical Inc., Think Surgical Inc., TranEnterix Inc., Zimmer Biomet Holdings, Inc, Stryker Corporation, Smith & Nephew, Inc., and Medrobotics Corporation. For Instance, in March 2019, Intuitive Surgical is a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery announced that it has received clearance for the da Vinci SP surgical system for the use in some transoral otolaryngology procedures in adults. Additionally, in January 2019, TransEnterix, Inc., a medical device company that is digitizing the interface between surgeons and patients to improve minimally invasive surgery, has announced the company received FDA clearance for its Senhance ultrasonic system.

Global Surgical Robots Market By Company Profile

      • Intuitive Surgical, Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Think Surgical, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • TranEnterix, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Zimmer Biomet Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Smith & Nephew, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
      • Medrobotics Corporation.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance

Global Surgical Robots Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  4. Global Surgical Robot Market, By Product Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Instrument and Accessories
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Robot System (Da Vinci, Mako, NOVIA, ROSA, and Others)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Surgical Robot Market, By Application, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Gynecology Surgery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • General Surgery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Urology Surgery Neurosurgery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Orthopideic Surgery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Other Surgery
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Surgical Robot Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  8. Company Profiles
      • Intuitive Surgical, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Mazor Robotics Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Medtech SA
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Accuray Incorporated
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Smith & Nephew plc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Renishaw plc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Auris Health, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Medrobotics Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Varian Medical Systems
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
  9. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The global surgical robots market has been segmented on the basis of product type, surgery, and region.

On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account major market share as compared to that of other regions.

Increase in the surgical procedures is expected to support the growth of the global surgical robots market over the forecast period

Key players operating in the global surgical robots market includes Intuitive Surgical, Think Surgical, TranEnterix, Zimmer Biomet, Stryker Corporation, Smith & Nephew, and Medrobotics Corporation.